Author: @YashasEdu
Translation: Plain-language Blockchain
Fuel Network is a modular execution layer based on UTXO, which brings global accessibility to Ethereum. As a modular execution layer, Fuel can achieve global throughput in a way that a single-chain cannot, while inheriting the security of Ethereum.
So, how much do you know about Fuel?
1. What is Fuel?
Imagine trying to collaborate on things that don't match or fit together? This is exactly what current blockchain systems are trying to improve by breaking down their basic designs into smaller, more flexible parts. However, the current progress in this regard has not been very effective.
What if a design has advanced blockchain Rollup capabilities? This is exactly what Fuel possesses, achieving the following on Fuel:
- Merging Bitcoin's UTXO model and Solana's parallel processing capabilities
- Enhancing Ethereum's security
- Using Move's asset design
- Including Cosmos' interoperability and custom virtual machine capabilities
It's quite astonishing to achieve all these functions.
Now, let's introduce what a Rollup operating system is.
Imagine Ethereum as a computer, and Fuel is the software that makes it faster, including FuelVM, Sway, and the Forc toolchain.
So, what makes Fuel different?
It can run multiple Rollups simultaneously to improve performance, reduce data volume for sustainability, and easily achieve communication between different blockchains.
Additionally, it can be customized according to the needs of the application chain, supporting all assets and wallets for user convenience.
Next, let's introduce FuelVM and Sway.
FuelVM is the engine that drives Fuel, enabling parallel transactions and unique asset functions.
But what good is an engine without fuel? This is where Sway comes in - it is a language that mixes Rust and Solidity to provide better security.
Currently, Fuel also has a Developer Champion Program, which rewards active Fuel community developers, providing various benefits, guidance, and the opportunity to influence Fuel's future direction.
Furthermore, Fuel has released Beta-5, adding new features such as attribute constraints, transaction strategies, wallet connectors, and developer tools.
After Beta-5, an incentive test network will be launched, with potential opportunities for airdrop returns.
2. Ecosystem Development on Fuel
In the previous section, we introduced what Fuel is, its unique architecture, and how developers can participate. Next, we will introduce some innovative projects on Fuel.
First, let's talk about wallets and browsers. @fuel_network can manage your cryptocurrencies and explore dApps on Fuel. On the other hand, @FueletWallet enables fast transactions for non-custodial accounts. You can also use Fuel Explorer to monitor your activities.
Next, we enter the world of DeFi, where we have @bakosafe. This platform is unleashing the potential of DeFi on Fuel. Imagine seamless borrowing, lending, and trading - all driven by the speed and security of the Fuel architecture.
For all NFT enthusiasts, let me introduce @ThunderbyFuel. This NFT marketplace is changing the way we interact with digital collectibles. No more multi-step registrations, just seamless batch transactions.
However, Fuel is not only about finance and collectibles. It is also home to some quirky and addictive games, such as SwayFarm, where you can grow and sell tomatoes to become the hero of this virtual farm. Who knew farming could be so fun?
Let's not forget the projects that are pushing the boundaries of Fuel's potential. @Artdaoxyz is creating a system for sharing culture. And @CommonGroundcg is building a Web3 version of Discord for the blockchain community.
There are many other noteworthy projects, such as Frank for blockchain analysis, Guild for community management, Hyperlane for interoperability, and RedStone Oracle for custom data provisioning.
Overall, the Fuel ecosystem is a place full of new ideas and creativity.
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